Demand for auto title loans drives supply

Dozens of complaints filed with attorney general's office

2:14 AM,
Mar. 16, 2014

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Tony Chalfant, of Newark, borrowed $300 from a local auto title loan business against his 2006 Ford Explorer a week before Christmas.

He was three days late in repaying the money and had signed paperwork agreeing to a penalty, Chalfant said. The fine, initially $100, quickly rose to $1,000, then $3,500, and then his vehicle was seized overnight.